Boustead Holdings is showing signs of extending its uptrend breaking above the previous resistance on strong volume. With the “One White Soldier” pattern formed yesterday, this shows that the bullish momentum has resumed. This positive bias will likely extend if it manages to stay above the immediate support of MYR0.745. The next resistance levels are pegged at MYR0.825, followed by MYR0.89. If the support level of MYR0.70 is broken, the positive expectation would be invalidated.

Source: RHB Securities Research - 28 Jun 2021